从容投资内讧余震不断 Easy aftershocks continue investment house divided against itself cannot stand

　　今年3月底，原从容投资医疗基金经理姜广策和从容投资董事长吕俊高调翻脸，当时引发一片争议。在这之后，从容投资一直负面传闻不断。近日，从容投资身陷“赎回门”：有传言称招商银行(600036,股吧)向客户发出短信，指称从容投资内部管理混乱，产品室决定赎回"从容成长8期"产品。这则传闻出现后，姜广策在周四早上6点33分开始连发两条微博做出反应，对吕俊的从容投资进行了讥讽。而吕俊这边，则在周四晚间做出了“不争辩”的争辩。

By the end of march this year，The original calmly investment fund manager for medical JiangGuang and calm, chairman of the board of investment LvJun high-profile over face，When triggered a controversy。After that，Easy investment has been negative rumours constantly。recently，Calmly investment in“Redemptive door”：Have stories that China merchants bank(600036,Shares it)Customers to send text messages，Alleged calmly investment internal management confusion，Product room decided to redeem"Calmly growth of 8"products。This is after rumours appear，JiangGuang in 6 a.m. on Thursday for 33 points in a day-night doubleheader start two micro bo a response，To LvJun calm investment derided。And LvJun side，In the late Thursday night made“Don't argue”debate。

　　/ 从容八期遭遇“赎回门” / / calmly in eight times“Redemptive door” /

　　有媒体报道称，该媒体从从容成长8期信托保管银行招商银行的一位客户处了解到，招行发布了一则内部信息：“从容精选(指从容成长8期)今年跌幅过10%，经过调查，该公司12名管理层8名为吕俊及其老婆亲戚，管理较混乱，产品室决定对该产品进行赎回，请客户经理跟客户做好沟通工作。”

Media reports said，The media from easy growth of the 8 trust merchants bank of a client place to understand，Her issued a internal information：“Easy choice(Easy to grow 8 period)Fall 10% this year，Through investigation，The company called LvJun 8 of 12 management and wife relatives，Management more chaos，The product of the product room decided to redeem，Please account manager to communicate with the client。”

　　从容成长8期成立于2010年4月，基金经理为吕俊，最低认购金额为300万元，是从容投资携手招商银行、定位于高端客户的私募产品。但根据私募排排网数据显示，近两年来从容成长8期收益率为-24.72%，远低于同期沪深300指数-10.04%的收益率。今年以来，从容成长8期继续亏损10.11%，而同期沪深300指数却上涨4.94%。截至7月20日，从容成长8期的单位净值仅为0.75元，亏损幅度高达24.98%。

Easy growth 8 period was established in April 2010，Fund manager for LvJun，Minimum subscription amount of $3 million，Is easy investment of China merchants bank hand in hand、Located in high-end customer's private products。But according to private row by row nets data shows，In the past two years calmly growth of 24.72% yields 8，The same period is far lower than the csi 300 index-10.04% return。Since this year，Easy growth 8 period continues to lose money by 10.11%，Over the same period, the csi 300 index is up 4.94%。By July 20,，Easy growth 8 issue of the unit net value of just 0.75 yuan，Loss rate as high as 24.98%。

　　该报道还称，近年来，吕俊先后与3位核心合作伙伴不欢而散。在内部治理方面，与公司一同创业的众多老员工也纷纷辞职，接任岗位的多为吕俊夫妇的亲戚和朋友，公司治理存在家族化风险。

The report also says，In recent years，LvJun and has three core partners in the end。In the internal management aspects，With company employees of the many old business have to resign，Take over the post for more LvJun couple of relatives and friends，The company existing family-based risk management。

　　值得一提的是，该媒体近来已经多次对从容投资进行报道。不过在本次报道中，该媒体并没有透露信息来源的真实身份。

It is，The media has recently reported many times to calm investment。But in this report，The media didn't reveal information source real identity。

　　/ 姜广策兴高采烈 / / JiangGuang policy high /

　　关于从容投资“赎回门”的这篇报道，最早于周四凌晨1点钟上网，而五个小时后的6点33分，原从容投资医疗基金经理姜广策就高调连发两条微博，对从容投资进行了批判。而这一发微博的时间，是他最近一周以来最早的一次。

About calmly investment“Redemptive door”The report，The earliest Internet on Thursday one o 'clock in the morning，But five hours after six points of 33 points，The original calmly investment fund manager for medical JiangGuang is high-key balls per article two tiny bo，Easy to criticize investment。And this one FaWei bo's time，Is he a week recently since the first one。

　　第一条微博是这样说的：“去年招行顶不住客户压力组织了深圳一批大客户来上海与两公婆沟通，说好了要面对面交流，结果客户的大巴车到楼下时两公婆却临阵跑了，她妹妹跑过来请我去救场，面对这些客户我能说什么呢？这个公司为什么关键岗位都是自己亲戚？没有猫腻么？”

Article 1 the bo is said so：“Her last year can't hold customer pressure organized a number of large customers to shenzhen and Shanghai LiangGongPo communication，Say to face-to-face，The results of the customer DaBaChe downstairs LiangGongPo but when retired run，Her sister ran over to please me to JiuChang，Faced with these customers what can I say？This company is a key position why their relative？No issue?？”

　　在这条微博发布之后，姜广策又转发了自己在今年3月份那条宣布公开决裂的微博，并加评论称：“如今招行也号召赎回，只可惜他们醒悟的晚了点，当时我建议客户考虑被一群不明就里的人指责为我要挖客户，非也，这些人只不过站在两公婆的立场上认为我不该，但他们恰恰忘了客户的利益才是第一位该考虑的！将来的私募基金发展史上这个公司是具有标本意义，私募发展并不容易，需要每个私募人凭良心做人做事。”值得一提的是，姜广策在晚间时候，却又删除了自己的这条转发微博。不过，这条评论还是有被留下截图（见下图）。

In this article the bo after release，JiangGuang strategy and forwarding in March this year announced the public of a micro bo，And comment says：“Now her also called on redemption，But they disillusioned late，When I suggested that the customer is considered a group of uninformed people accused of I want to dig the customer，Not also，These people just stood in the LiangGongPo position that I shouldn't，But they just forget the interests of its clients is the first this consideration！The future history of private equity fund this company is a specimen significance，Private development is not easy，Need every private people person to work in my conscience。”It is，In the evening JiangGuang strategy，The but again delete his article the forwarding the Po。but，This article comments or have left a screenshot（See below）。

　　值得一提的是，记者查阅了最近一周来的姜广策微博，其发布微博的时间通常都在早上7点以后。但在吕俊赎回门传出的本周四，姜广策却在早上6点23分就开始发微博，并在6点33分开始对从容投资进行批判，而从容投资赎回门的传言，最早也是在周四凌晨1点以后才上网。

It is，The reporter of the recent week for JiangGuang micro bo，The release of the micro bo time are usually in the morning after 7 PM。But in LvJun redemptive came out of the gate this week four，JiangGuang strategy is in 6 23 points began to FaWei bo，And at 6 o 'clock the 33 points and began to criticize easy investment，But leisurely redeem the rumours of investment door，The first is at 1 am on Thursday before the Internet。

　　/ 吕俊以“不辩解”来辩解 / / LvJunYi“No excuse”To excuse /

　　相比姜广策的快速反应，吕俊的反应速度明显被落下了几条街。直到周四傍晚，吕俊才发出微博进行了回应。

JiangGuang compared for rapid response，LvJun speed of response obviously been dropped a few street。Until Thursday evening，LvJunCai issued by micro bo。

　　吕俊说：“浙大杨校长被黑事件是现实版的《搜索》，小报生存压力大，新闻业变成了制造业。我们‘从容’最近也被生生制造了一批假新闻，歪曲事实加上凭空捏造，靠虚拟人物‘发言作证’，一件证据也没有见过，就敢写！勿以恶小而为之啊！算了，不争论不辩解，做实事，自有天佑。”

LvJun said：“Zhejiang university was the principal Yang is reality version of the black events《search》，Tabloid survival pressure，Journalism into manufacturing。we‘calmly’Also recently twisted has made a batch of false news，Distorted the facts and imagination，By virtual characters‘Speech to testify’，One piece of evidence has not been seen，Dare to write！Do it is a sin！Forget it，Don't debate no excuse，To do the practical work，Own fortune favors。”

　　虽然吕俊口中说不争辩，但这话其实还是进行了辩解。

Although LvJun mouth said don't argue，But this was actually or excuse。

　　最近一段时间，由于业绩大幅下滑，曾在前几年风光无限的阳光私募行业遭遇了寒流。清盘、作弊、赎回门，种种负面消息笼罩着私募行业，阳光私募公司的自身免疫力也比之前更加薄弱。不知道，从容投资的内讧余震，还将持续多久。

The most recent period，Due to a sharp decline in performance，In the last few years have unlimited scenery sunshine private industry suffered a cold snap。winding、cheating、Redemptive door，A variety of negative news hangs over the private industry，Sunshine of private equity companies than their own immunity before more weak。Don't know，Easy investment aftershocks house divided against itself cannot stand，Will last long。

　　记者陶炜

Reporter TaoHui